Do Wall Street Analysts Like Allegion Stock?

Dublin, Ireland-based Allegion plc (ALLE), with a market cap of almost $12 billion, is a leading player in the security products and solutions sector. Specializing in both mechanical and electronic security systems, the company provides a wide range of products and services for residential, institutional, and commercial applications globally.

Shares of this security device maker have lagged behind the broader market, with a 23.3% gain over the past 52 weeks compared to the S&P 500 Index's ($SPX) 26.1% increase. In 2024, Allegion's stock rose 7.9%, trailing SPX’s 17.2% YTD gain.